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December 30, 2024  
 
 
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Loan Census SBA Loan Info

Business Loans for Basic Inorganic Chemical Manufacturing

Looking for business loans for basic inorganic chemical manufacturing? Try the SBA. This $200,000 basic inorganic chemical manufacturing loan was issued by a Rhode Island bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Freedom National Bank, out of Greenville, Rhode Island. The loan was granted and they received $200,000 to help grow their Providence, Rhode Island business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL INORGANIC CHEMICALS, N.E.C
PROVIDENCE, RI 02903

SBA Loan Lender

FREEDOM NATIONAL BANK
584 PUTNAM PIKE
GREENVILLE, RI 02828

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2819 - Industrial Inorganic Chemicals, N.E.C

NAICS Code

325188 - Basic Inorganic Chemical Manufacturing

Loan Approval Date

3/24/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

How Equity Dilution Works

SBA 7A Banks in Greenville, Rhode Island

Rhode Island SBA 7A Lenders